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Financial Crime Investigation City Colleges’ Professional Diploma

  • Gain an understanding of the origins of corporate fraud
  • Starts 7th May
  • Delivered in Classroom or Online
  • Choose to study at your own pace or with our timetabled classes
  • Choose to sign up with a deposit on our Instalment Plan options

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Price from €895
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Classroom

Study in a classroom environment one evening a week.
Price from €1095
  • City Centre Location
  • Fully Interactive Limited Class Size
  • 10 Weeks, 1 evening per week
  • Starts 7th May 2024
  • 6.30 to 9.30pm
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Live Online

Live online training with real-time instructor-student interaction.
Price from €995
  • Live & fully online
  • Archived for review
  • 10 Weeks, 1 evening per week
  • Starts 7th May 2024
  • 6.30 to 9.30pm
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Delivered by a leading financial crime investigator with vast experience in both the public and private sector, the purpose of the Professional Diploma in Financial Crime Investigation is to equip students from a variety of professional or interested backgrounds (Investigation Units, Compliance Units and Risk Management) with an understanding of the origins of financial crime and what to do when financial crime is suspected.

All lectures will be related to the various concepts of white-collar financial crime and offending. At the end of the course, students will have a detailed understanding of: what is financial crime and how it may affect their organisation. They will also be given the knowledge required, in the identification of financial crime, knowing who commits financial crime and why they do so.

They will also be given an understanding of the offences of financial crime and knowledge of the legislation covering such offences with a view to reducing an organisations risk of financial crime, carrying out a thorough investigation including identify required proofs, interviewing witnesses/suspects and how to prepare a report that will stand up to scrutiny in civil or criminal proceedings.

CPD Hours – Recognised by The Institute of Banking and LIA for CPD Purposes

Lecture 1

Lecture 1 – Introduction; Financial Crime – A Global Phenomena

  • What is Financial Crime, an overview
  • What is the extent of Financial Crime in Ireland and Globally?
  • What are the impacts of Financial Crime on a business?
  • Why do people or organisations commit Financial Crime?

Lecture 2 – What am I investigating – Legislation in relation to financial crime offences:

  • Criminal Justice Theft and Fraud (Offences) Act 2001
  • Criminal Justice (Corruption Offences) Act 2018
  • Competition Act 2002 – Cartels
  • Companies Act 1990 – Insider Trading
  • Companies Act 2014 – Fraudulent / Reckless Trading

Lecture 3 – Money Laundering and its relationship to Financial Crime

  • What is money laundering?
  • Designated Persons
  • Predicate offences
  • Money laundering offences
  • International initiatives to combat money laundering
  • Specific rules and requirements
  • Enforcement

 

Lecture 4 – Cybercrime, the future of financial crime?

  • How vulnerable are Businesses/Organisations to Cybersecurity Breaches?
  • What are the biggest Cybersecurity threats to any Business/Organisation?
  • What is your understanding of such threats?
  • What steps can you and your organisation take to reduce the effects of such threats?

Lecture 5 – Role of the Corporate Enforcement Authority in the fight against Financial Crime

  • Who is the C.E.O.
  • What do they do?
  • What Powers does the Authority have to investigate financial crime?
  • What actions can they take against suspected offenders

Lecture 6 – How to identify Financial Crime and ways to reduce it?

  • Assessing the risk of financial crime
  • Strategy to reduce and prevent financial crime
  • The role of HR policies (Code of Ethics and Corporate Culture)
  • The role of management and employees
  • Methods of detecting corporate fraud:
  • Internal and external whistleblowers

Lecture 7 – Investigating allegations both internal and external

  • What to do when financial crime is suspected?
  • Preparing an investigation plan
  • Collecting documentary and electronic evidence
  • Conducting interviews to gather evidence (see lecture Interviewing witness/suspects)
  • Concluding the investigation (see lecture 9)

Liaison with external stakeholders such as:

  • Garda Economic Crime Unit
  • Financial Intelligence Unit
  • Revenue Commissioner
  • Central Bank
  • Other Regulatory Authority

Lecture 8 – Interviewing witness and suspects

  • What is an interview and why are they so important?
  • Qualities of a good interviewer
  • Barriers to Interviewing
  • Types of witnessed and how to deal with them
  • Planning your interviews
  • Actions post interview

Lecture 9 – Preparing your investigation report, presenting your case in civil or criminal proceedings and the possible outcomes

  • Writing your report
  • Preparation for proceedings
  • Evidential issues

Outcome if found guilty of allegations

  • Civil Case (Employment Law sanctions)
  • Criminal Case – Sentencing policy (from fines to imprisonment)

Recovering the proceeds of financial crime:

  • Civil Options
  • Criminal Assets Bureau (Proceeds of Crime Acts 1996, Criminal Justice Act 1994)

Lecture 10

  • Financial Crime in Ireland: Some case studies
  • Course Review and Q&A session

 

The modules given above are the latest example of the curriculum available on this programme. Please note that programme structures and individual modules are subject to change from time to time for reasons which include curriculum enhancement, staff changes, student numbers, improvements in technology, changes to placements or regulatory or external body requirements.

A pass grade on the written assignment will be required for awarding the Diploma.

  • Corporate Crime, Shelley Horan BL. Bloomsbury Professional, March 2011
  • White Collar Crime in Ireland: A New Architecture of Regulatory Enforcement by McGrath, J (2014). Manchester University Press
  • Prosecuting Corruption in Ireland. Paper presented at the Burren Law School by Hamilton, J. (2010a.), 1 May 2010. Available at http://www.dppireland.ie
  • An Alternative to Silence, Whistleblower Protection in Ireland. Transparency International (2010). Available at www.transparency.ie
  • Bribery and Corruption Law in Ireland, Briefing Document by A&L Goodbody, 21st February 2012. Available at http://www.algoodbody.ie/insightspublications/bribery_and_corruption_law_in_irel
  • White Paper on Crime, Third Discussion Document – Overview of Submissions. Received (April 2011). Department of Justice. Available at www.justice.ie

Paschal Walsh


Paschal is a dedicated and results-oriented Corporate Investigator and Trainer with an extensive background of achievement in Financial Crime Investigation and Training. He is a collaborative communicator with an aptitude for building relationships and mentoring students/trainees. Capable of designing and delivering comprehensive learning and development courses to promote awareness, knowledge, and practical skills in key areas.
Paschal spent 15 years attached to the Garda National Economic Crime Bureau where he led many major investigations and he was a member of the working group set up to develop a Detective Fraud Course, training Detective from across the various Garda Divisions in all aspects of Financial Crime, from initial investigation, data gathering and analysis, interviewing and report writing.

Paschal then spent three and a half years in the private sector where he worked as a Senior Manager, Special Investigations Unit (Europe) investigating internal and external allegations of fraudulent activity against the company and its many stakeholders. Paschal also lectured to various departments and subsidiaries across the enterprise of such topics Fraud Awareness, Risk & Compliance and Risk Assessment.

Since 2015 Paschal has been involved in developed and presents lectures (Classroom and Virtually) across the Public and Private Sector on a number of topics including: Risk and Fraud Awareness, Data Gathering and Analysis, Interviewing and File Construction and Report Writing.

Paschal holds a BA Honours (Administration of Justice) as well as Diplomas in such diverse topics as: Anti-Money Laundering, Event Management, Employment Law, Criminology & Psychology, Training and Development Special Purpose Award (QQI Level 6) and the Certificate in Training and Continuing Education (QQI Level 7)

Course Award

A City College’s Professional Diploma Course is a focused, practical programme designed and delivered by an industry practitioner, that consolidates, upskills or reskills learners in a professional area. They are stand-alone qualifications that indicate that you have been trained in a particular area or specific subject matter.

City College Diplomas are suitable for career minded learners wishing to advance their professional skills and prospects. They are widely accepted by employers and many students are sponsored to study here by their organisation.

Who Should Apply?

Those working in the financial services and banking industry in Ireland. Those working in the criminal justice system in Ireland who have a special interest in corporate fraud investigation. Those in other careers, with an interest in corporate fraud and how it can affect companies and Irish society as a whole.

Corporate Training

In addition to our scheduled Professional Diploma courses, City Colleges can provide bespoke training over 3 – 4 days, please contact Kevin.Coyne@citygroup.ie for further details.

Further Information

Please call the College on +353 1 416 0034 or email info@citycolleges.ie.

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